Jan 08


  • BY:
  • January, 08th, 2014 9:06 +00:00

Good morning,

Yesterday evening equities in US closed in positive territory: the DJIA finished at 16,530 (+0.64%), up 105.84 and Nasdaq at 4,153.18 (+0.96%) with a gain of 39.5 points. The S&P closed at 1,837.88 (+0.61%), up 11.11 points.  After 3 consecutive losing sessions  technical factors and profit taking of short position created the conditions to test again 2013 market tops.

In Asia the Nikkei  closed with the best performance  of the region and rose again above 16,000 points at 16,121.45 (+1.94%) with a gain of 307 points. The HSI in Hong Kong closed at 22,996.59 (+1.25%), up 283.81 points.  In China the CSI lost just 2.98 points at 2,044.34 and even banks have a record debt the PBOC is working to ease tensions on the money market.

At 8:20 GMT in Europe the Euro Stoxx is trading at 3,109.11 (-0.06%) and in Germany the DAX is at 9,489.54 (-0.18%). In UK the FTSE100 is trading at 6,737.53 (-0.27%).

In the currency market the EurUsd is trading just above 1.36 at 1.3603 (-0.08%) and UsdJpy is at 105.01 (+0.4%). GbpUsd is trading at  1.6420 (+0.12%) and UsdCad is one of the G10 pairs best performers, up 53 pips at 1.0816 (+0.48%).

Eurozone Retail Sales and Unemployment rate (10:00 GMT) and German Factory Orders (11:00 GMT) will be the market catalyst in the morning and the FOMC  minutes from the Federal Reserve that will be released at 19:00 GMT will impact US equities and FX risk appetite.